Monthly Archives: July 2018

George: Threading the Needle

By | July 18, 2018

Good evening and welcome. Today’s discussion has been both interesting and informative. I want to thank the presenters and discussants for participating in this year’s symposium. Clearly, international trade is central to the performance of the agricultural sector, and uncertainty about trade pol… Powered by WPeMatico

USD/CNY projection: 6.6935 – Nomura

By | July 18, 2018

Analysts at Nomura offered their model’s projection for today’s fix in USD/CNY. Key Quotes: “Our model1 projects the fix to be 114 pips higher than the previous fix (6.6935 from 6.6821) and 145 pips higher than the previous official spot USD/CNY close of 6.6790. The basket implied change is 194 pips higher than the previous… Read More »

Forex today: big volatility in sterling, dollar underpinned by Powell’s testimony, yen losing safe haven status

By | July 18, 2018

Forex today was mostly about the pound and Fed Chair Powell’s upbeat testimony which supported the US dollar index that ended the day up 0.5% on the day.  While Powell reiterated that, “for now – the best way forward is to keep gradually raising the federal funds rate,” ‘gradual hikes’ was the main takeaway which… Read More »